Written by Daniel Latto in Latest News

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March 21, 2024

Property Sourcing Compliance

Given the state of the property market right now, there's a really great opportunity to those people interested in property, and who have a bit of 'ooomph' behind them; to make money as a property sourcer.

The deals are there for sure, but also, so are the buyers, or the property investors.

Obviously, I can't go any further without mentioning my amazing £27 property sourcing training course which you should 100% buy, mostly because it's absolutely rammed with everything you need to start being a property sourcer.

But there's one really important bit that everyone seems to want to miss out, and thats to become compliant as a property sourcer.

There are potentially BIG fines if you don't.

Being compliant as a Property Sourcer

Now one of the  easiest and lowest cost ways of becoming COMPLIANT is through Sourcing Investments property sourcing compliance route.

This way of becoming compliant is by far the easiest we've found, which is why we promote it to as many people as we can who want to become property sourcers.

As ever, in many businesses, there's so many things to do, and more importantly so many obstacles to preventing people from even getting started, let alone finishing their compliance, and so we chose this as we know it can get property sourcers to where they need to be compliance wise.

I've even made a short video about it ...

Here are 6 Reasons Why You Need to Be Compliant as a Property Sourcer in the UK

The Importance of being Compliant as a property sourcer

Legal Framework

First off, let's talk legalities. The UK's property sourcing landscape is wrapped in a laws and regulations concering the sale of property. Staying compliant means you're not inadvertently playing tag with the law, which is a game you won't win, and there's been some rather big fines for those that try to bend the law.

Ethical Considerations

But it's not all about the law. Being ethical in your dealings ensures that your business is more than just a money-making machine; it's a valuable contributor to the market's integrity.

Legal Obligations

Avoiding Penalties: Imagine selling a few deals and then getting found out and having to fork out loads of cash in fines – not fun, right? Staying on the right side of the law keeps your hard-earned money where it belongs – with you.

Licensing Requirements: Keeping your licensing up to date is vital, and it displays to clients that you take your job seriously.

Business Reputation

Building Trust with Clients: Trust is the currency in business. Compliance is your investment in building a reputation that attracts clients.

Positive Word of Mouth: You don't want to be known as a person who cuts corners to save a few quid.  Do it right from the outset.

Financial Security

Preventing Financial Losses: Non-compliance can lead to financial pitfalls.  Keeping your business compliant ensures that your business is on the rightr side of the law and can avoid any fines that may come your way.

Ensuring Business Continuity: A compliant business is a sustainable business. It’s about ensuring that the lights stay on and the doors stay open for as long as possible, because as we know, those in the game the longest are the ones who get to benefit the most.

Professional Growth

Staying Informed: Compliance isn't static; it evolves constantly. Keeping abreast of changes not only keeps you compliant but also sharpens your edge in the market, and allows you to talk to prospective investors like you know what you're doing.

Expanding Professional Networks: Compliance opens doors to networks and associations that can propel your business forward. It's the golden ticket to the inner circles of the property sourcing world.

Market Access

Partnerships and Opportunities: Compliance isn't just a badge; it's a magnet for opportunities. It opens doors to partnerships and deals that non-compliant sourcers can only dream of.

Competitive Advantage: In a market as competitive as property sourcing, being compliant gives you a leg up on the competition. It's the difference between leading the pack and following the crowd.

Ethical Practice

Promoting Fairness: Compliance ensures that your business practices are fair and equitable. It's about playing the game right and making

Here's the link again : PROPERTY SOURCING COMPLIANCE

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